Recent news from England sends the Cable (GBPUSD) back to test the post referendum lows. GBPUSD is now testing the top of a broken channel - Last time it did that, GBPUSD rallied more than 300 pips. Would you look to buy GBPUSD based on the structure support and the channel? OR... Would you focus more on the H&S pattern that GBPUSD has formed during 2018?
Bitcoin failed to hold the support zone it had near 5500$ The breakdown of the Triangle pattern led to massive selling. The next support zone (weekly) is near 3000.
SPX bounced from a monthly support line last week. It is the second time that a monthly line saves the S&P500 from falling apart. If the Bulls will continue to hold ground... they may try to generate a Year End Rally. In such scenario, I've marked the important elements you need to watch in the near term future. The final target zone of this potential rally...
BTCUSD continues to break support levels. This week it broke below another Triangle Pattern. Some see 5600-5800 as the last line of defense... if the Bulls want to keep the Bitcoin Dream alive, they should start fighting
Oil's price is back near the bottom of a monthly channel following a false breakout. 48-52$ will be tested as potential support if Oil's price will continue a bit lower.
The German DAX is testing a monthly line again. Last month it held above it. Will it happen again? Year End Rally depends on the Bulls saving the DAX right from this price zone
AMZN is moving towards a support zone. Will it be the end of its pullback?
Since it broke its weekly uptrend, FB is slowly and steadily sliding down. The next weekly support zone is near the 200 weeks MA line. Even if FB will climb higher from where it is at right now... the final destination of the current bearish wave is most like 130-135$
TEVA was saved by the 50 weeks MA line. The stock is now back above a weekly uptrend line. If it will hold above it and close above it... chances are that we will see TEVA advancing towards 30$
Bullish Batterfly - Aggressive entry Or wait for confirmation first with a close above 11$
The Dollar Index chart with all the relevant elements towards today's rate decision
I've projected that SPX will climb towards 3000 a while ago when I recognized that no matter what you throw at it... it keeps on climbing. Now, SPX is near my projected target zone - The completion of harmonic patterns. Will that stop the S&P500?!!
I've been bearish Dollar for a while now. I've recognize the Dollar's weakness and was glad to get a confirmation when the Dollar broke below the rising channel. Today, we get another bearish confirmation signal as the Dollar breaks below the neckline of a Head and Shoulders pattern
Facebook continues to generate bearish signals The latest signal is a breakdown of a weekly uptrend line
In this week's newsletter (search for #WeeklyMarketsAnalysis on Twitter) I covered the U.S stock markets vs. The European ones. The European Indices can drag the strong U.S market down with them if Draghi will dissapoint. In such scenario, the Dow presents a bearish opportunity. A close below the MA line can signal the start of a short term correction wave....
The Dollar Index is back near support after a failed rally that we saw in August. The support zone includes the bottom of a rising channel, MA line and a structure zone (previously resistance, now potential support) On Thursday we will have the ECB meeting and the U.S CPI data - Two events that can (and probably will) impact the Dollar. The bearish scenario...
Last week's breakout ended with e daily Pinbar. It looks like DXY is heading to test 95-96 as potential support now